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6. Gerard takes out a $2500 loan at 5% interest each month.

6. Gerard takes out a $2500 loan at 5% interest each month.
asked 70.3k views
3 votes
6. Gerard takes out a
$2500 loan at 5%
interest each month.

asked
User Spotlight
by
8.3k points

1 Answer

3 votes

Answer:

1.05.

Explanation:

you only earn 5% extra, not 0.5% extra.

answered
User Lotta
by
7.8k points
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